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Embraer releases 20-year China regional aviation market outlook

14-Nov-2012 9:16 AM

Embraer released (13-Nov-2012) its 2012-2031 'China Regional Aviation Market Outlook', forecasting the Chinese regional aviation market will be responsible for 15% of the world deliveries of 61 to 120-seat jet aircraft in the period. Embraer expects growing demand for better connectivity in secondary tier cities, fostered by economic growth and the growing middle class. The country‚Äôs regional aviation will continue its "sound growth trajectory, as experienced in the past decade". Central and local government aviation policies are cited as catalysts to regional aviation expansion in China, as well as fleet capacity optimisation as a means to keep a competitive edge. President of Embraer China Guan Dongyuan said the company will "strive to maintain its leadership position by upholding its commitments to each of our valued customers, and will be prepared to support the air transportation growth in China". Embraer accounts for 77% of the Chinese regional jet market since its first delivery to China in 2000. Aircraft demand forecast: